Generate an AI risk event summary in the Risk Workspace

generate-risk-event-summary-in-the-risk-workspace.md
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Generate an AI risk event summary using the ServiceNow Otto for IRM application in the Risk Workspace. Approvers get key insights to understand the context quickly and spend less time creating summaries manually.

Before you begin

The ServiceNow Otto for IRM application must be installed to generate a risk event summary. For more information, see ServiceNow Otto for Integrated Risk Management (IRM).

Note: The Risk Event Summarization skill is activated by default, unless you manually deactivate it. For more information, see Activate Now Assist skills in ServiceNow Otto for Integrated Risk Management (IRM).

Role required: sn_grc_risk_genai.risk_event_user

About this task

The risk event summarization feature enables risk managers to quickly understand the context and key details of a risk event. This is helpful when multiple coordinators have been involved over time. It simplifies onboarding for new assignees and supports decision-making for approvers, particularly in multi-level approval workflows, by providing concise, AI-generated summaries of each event.

Procedure

  1. Navigate to All > Risk > Risk Workspace.

  2. Select the list [Omitted image "list-icon.png"] Alt text: icon and navigate to the Risk events.

  3. Open the risk event for which you need to create a summary.

  4. Generate a risk event summary from the risk event record page by selecting Summarize.

    [Omitted image "risk-event-summarization-risk-workspace.png"] Alt text: Generate risk event summarization button.

    A summary is generated; you can edit it and save it for reference and reporting purposes.

  5. To edit and save the generated summary, do the following:

    1. Select Share to summary when the risk event is in New or Analyze state.

    2. Make the necessary edits and select Save to summary.

    3. Select Share to work notes for all other risk event states.

    4. Make the necessary edits and select Save to work notes.

      The summary is saved in the Summary section when the risk event is in New or Analyze state, and in Work notes for all other states.

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